HTC Invests in Two Mobile Software Companies

TAIPEI—HTC Corp. unveiled two investments in software companies in the latest push by the Taiwanese company to expand through acquisitions in the lucrative but competitive smartphone market.

HTC, which has gained popularity world-wide for its early adoption of Google Inc.'s Android software in its mobile phones, said it will acquire London-based mobile platform company Saffron Digital for £30.15 million ($48.6 million) and will buy a...